- Avg. revenue /month$36,098
- Avg. sessions /month37,483
- Avg. profit /month$8,500
Why this business was started
I decided to start this business because I saw other companies selling hip hop jewelry and I understood how popular it stood in culture with many athletes, artists, celebrities, etc. wearing it. I saw a target market and took advantage of it. I also liked the fact that creatively hip hop jewelry is very fun to get content of as well as collaborate with well know artists, athletes, etc.
The reason of selling this business
I have decided to sell my business because I have made enough money by now to jump into my next series of projects, which is real estate. I had a 5 year plan to gain enough capital from stores like OG that I finally hit the milestone I set, one year earlier than I had planned. With the success of this store I can now move on to multi family homes, apartments, etc. However, I want to make sure this brand lands in the right hands because of how quick its already grown and the potential it has.
What's involved in running this business
The day to day is not complicated at all due to the fact of the powerful data that is behind this store. Simply hire V.A's to fulfill orders, do research on successful products, and run ads. All which CAN be outsourced. However, taking on a brand of this stature it would be well worth any time one puts in to it. A huge benefit of this business is that I have connected with a USA supplier so the short shipping times are ideal for the customers and keeps them happy.
Traffic and Performance
- Avg. revenue /month$36,098Verified
- Avg. sessions /month37,483Verified
- Avg. profit /month$8,500
- Profit Margin40%
- Avg. sales /month1,000
- Shopify plan
- Facebook Ads
- Virtual Assistants
Physical inventoryNot Included
Logo and branding assetsI will create a google drive for the purchaser of this store.
Personal support after saleI'll will provide help for 30 days after sale. I want this brand to live on because I understand the power it holds. Willing to support the new owner as much as I can.
Product photosI will create a google drive for the purchaser of this store.
How to grow this business
There are MANY things one can do to grow this store over the next five years. A few ideas I have in mind include using more influencers, the term 'OG' is VERY popular in the hip hop culture niche so immediately influencers are attracted to the brand. I would also start an affiliate program. With high ticket items on this store, it is very possible to give a share of sales to affiliates who will promote the brand. Another thing is to expand the advertising to ALL platforms. I made a killing solely off of Facebook, but there is huge opportunities in platforms like Youtube, Snapchat, Tik Tok, etc.
Skills to have
Not necessarily, but it is always great to know what the competition is doing. Therefore you can emulate their ads, content, emails, etc. Stores like shopgld.com, aporro.com, thegoldgods.com, are all brands that OG can easily conquer if maintaining its current course.
Our features for a secure experience
- Verified revenue and traffic
- Secure messaging platform
- Escrow payment system
- Dedicated migration team
Why use Exchange?
Exchange is the largest and fastest-growing marketplace for Shopify e-commerce stores
Verified listing data
The revenue and traffic data that you see on each listing is pulled directly from its Shopify account. This means that the data has been verified. Exchange reviews and monitors listings for thorough and accurate information.
Secure messaging platform
You will be able to communicate with sellers via a secure messaging platform. After you log in and request information from a listing, sellers are notified and have the ability to respond. When you are ready, you can make an offer.
Encrypted payment capture
Exchange and Escrow.com have partnered together to provide you with safe transactions that have bank encryption, making sure that payment is securely captured. Escrow.com ensures that its users pass verification checks before transactions can proceed.
Take time to inspect the business
Once you submit payment to Escrow.com and the payment has been secured, the funds are held until you confirm that all assets received are as negotiated. You can use the inspection period to ask the seller any extra questions about the business.
Safe store transfer
When the transaction is finalized, the dedicated migration team at Exchange will begin the process of making you the new owner of the store. Buyers and sellers will be notified via an email from the Exchange team once store transfers have been completed.
Post-purchase 24/7 Shopify support
Once you log into your Shopify account for the first time and choose a subscription plan, Shopify Support Gurus are available 24/7 to help you with the settings of the store.